The change in the percentage level is the result of sale of 1,286,000 shares at S$0.09 by:
(a) the Substantial Shareholder's Registered Holders: State Street
Bank and Trust Company of 1,286,000 shares, of Martin Currie Investment Management ("MCIM") the Substantial Shareholder is interest in;
(b) the Substantial Shareholder has a deemed interest in the company by virtue of Section 7(4A)(a) of the Companies Act as the Substantial Shareholder and MCInc are related companies in that they are wholly owned subsidiary of Martin Currie (Holdings) Ltd. |